Monday, August 03, 2009

#23- AubreyJ’s Energy Update Report - Monday, August 03, 2009

AubreyJ’s Energy Update Report
Today’s rising energy prices may be a sign of an improving economy… but higher energy costs could also ruin any chance of a sustained economic recovery - Natural Gas Spot Prices decline
Monday, August 03, 2009
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Image Credit: Chesapeake

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* The Wall Street Journal has this report posted up on their website today… Crude futures rose to a one-month high Monday, as strong economic data from China raised hopes for a global recovery in oil demand…
OIL FUTURES: Crude At 1-Mo High As China Economy Roars To Life
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* Huliq.com reports…
The cost for crude oil rose above $71 a barrel today for the first time in a month as increasing industrial activity bolstered consumer and business optimism that fuel demand will rebound. As a result, expect to shortly be paying more at the gas pump…
Read the rest at link below…
Fill Up Now: Gas Prices Likely To Rise Again As Oil Surges
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* CNNMoney.com sums it up for us today with the following report…
Oil prices are on the march again, rising above $71 a barrel Monday for the first time in more than a month… The good news is that increased optimism about an economic recovery is one big factor behind the jump in crude prices. The bad news is that if oil prices continue to rise, we may have to kiss those recovery hopes goodbye…
Read the full report at link below…
Economic oil spill on the horizon?
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From the Department of Energy…
Natural Gas Weekly Update
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AubreyJ………

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